please find the effective annual rate for alternative #3

Taggart Transcontinental needs a $100,000 loan for the next 30 days. Taggart has three alternatives available: Alternative \#1: Forgo the discount on its trade credit agreement that offers terms of 2/5 net 35. Alternative \#2: Borrow the money from Bank A, which has offered to lend the firm $100,000 for one month at an APR of 9%. The bank will require a (no-interest) compensating balance of 10% of the face-value of the loan and will charge a $200 loan origination fee, which means that Taggart must borrow even more than the $100,000 they need. Alternative \#3: Borrow the money from Bank B, which has offered to lend the firm $100,000 for one month at an APR of 12%. The loan has a 1.2% origination fee. The effective annual rate for Taggart if they choose alternative #3 is closest to (\%) (2 decimal places)